United States

Chijioke Ohuocha

Nigeria's Access Bank gets approval for Diamond Bank takeover

Mar 05 2019

LAGOS Nigeria's Access Bank said on Tuesday it had received shareholders' approval to take over rival Diamond Bank in a $235 million deal that would create Africa's largest bank by customers.

UPDATE 1-Nigeria's Dangote Cement says London listing likely to be 2020

Mar 01 2019

* Dangote Cement delays London secondary listing until next year

UPDATE 1-Foreign buyers drive Nigeria 1-year debt auction demand -trader

Mar 01 2019

LAGOS, March 1 An auction of one-year Nigerian treasury bills drew demand of 1.2 trillion naira ($3.9 billion) on Thursday, more than 20 times the amount offered, as foreign investors sought to lock in high yields, a trader at one foreign bank told Reuters.

UPDATE 1-Nigeria stocks, bonds rise after presidential election

Feb 25 2019

LAGOS, Feb 25 Nigeria's stocks and bonds rose on Monday after the conclusion of a presidential election over the weekend lifted a layer of political uncertainty in Africa's biggest economy, traders said.

UPDATE 1-Nigeria's Zenith Bank sees loan growth in 2019 as economy recovers

Feb 21 2019

LAGOS, Feb 21 Nigeria's Zenith Bank expects loan volumes to return to growth this year after 2018's decline, and is targeting higher activity in the agricultural sector, the bank said on Thursday.

UPDATE 3-Nigeria's election delay triggers stock-market sell-off

Feb 18 2019

* Jittery investors on sidelines (Recasts first paragraph with stock market fall, adds analyst comments)

UPDATE 2-Nigerian assets fall as election delay fuels uncertainty

Feb 18 2019

* Jittery investors on sidelines (Adds further comments, bonds, background)

Nigerian economy grows at fastest pace in two years as election nears

Feb 12 2019

LAGOS Nigeria's economy grew in 2018 at its fastest pace since a recession two years earlier, data showed, just days before a presidential election in which boosting growth has been a major campaign issue. | Video

Undervalued Nigerian stocks seen poised for post-election rally

Feb 11 2019

* Win for either of 2 frontrunners likely to spur stock market

UPDATE 1-Nigeria naira firms as funds shrug off election risk to buy treasuries

Feb 07 2019

LAGOS, Feb 7 The Nigerian naira has gained 0.55 percent in a week to reach 361 per U.S. dollar on Thursday as foreign funds shrugged off the risk of forthcoming elections to buy government treasuries, traders said.

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